The slowdown in spot Bitcoin ETF flows indicates weakening institutional demand, possibly leading to a drop to $90,000 from the current $111,000 level. Institutional investors are reducing their exposure to spot Bitcoin ETFs, with net inflows falling 54% to $931.4 million last week compared to $2.03 billion the week prior.

The drop in Bitcoin ETF demand and the dominance of spot taker sell behavior may result in a deeper correction heading into October, possibly pushing Bitcoin price towards $90,000. Pessimism is mounting, with analysts predicting a drop to the $103,000-$100,000 demand zone if support at $112,000-$110,000 fails to hold.

Bitcoin’s double top pattern also suggests a potential drop to around $90,000 if support at $107,000 is breached. Analysts are cautious, with support levels at $105,000-$90,000 being highlighted as areas to watch for potential price action. This article does not offer investment advice, and readers are advised to conduct their own research before making any decisions.

Read more at Cointelegraph: Bitcoin Gets $90K Calls Amid a ‘Slowdown’ in ETF Inflows